Happy Sunday,
Here’s a quick roundup of last week’s news :
Chart of the week:
Amazon’s Q4 & 2022 results were released this week
13.9% ⬆️ of Third Party Fees Revenue (2022)
First party sales 0.9% ⬇️ driven by currency effects (2022)
59% of sales were marketplace sales in Q4 (+ 3% points YoY)
19% ⬆️ in ad revenue YoY in Q4
Access Amazon’s detailed announcement here.
In “Amazon didn’t grow in 2022” Marketplace Pulse featured:
Funding Craze 💰
No new rounds announced this week.
Movers & Shakers 🤝
Canada: Emerge Commerce (TSXV: ECOM) posted prelim Q4 2022 results with record gross merchandising sales of 32-33M CAD (~24M USD) [PR Newswire]
India: Mensa Brands Posts INR 96.62 Cr Loss (~12M USD) In First Financial Year Of Operations, FY22 revenues at INR 217 Cr (~33M USD) [Inc42]
Strategy 📈
“Amazon launches new attack, Shopify well-armed to fight back” [Seeking Alpha]
“Amazon will take years to recover from a warehouse overbuilding binge during the pandemic. In 2022, it still added a third of Walmart's total capacity.” [Business Insider]
Becoming a gatekeeper in commerce: “Amazon’s Endgame” [The American Prospect]
“The 50 fashion, beauty, and lifestyle companies set to take off and become the next great direct-to-consumer brands, according to The Lead” [Business Insider]
The split between online and offline: “The everywhere retail” [Business Standard]
“From Amazon to tech startups, e-commerce takes on the TikTok-style feed” [Glossy]
“5 new retail store formats to watch in 2023” [CB Insights]
“Here’s a list of 148 bankruptcies in the retail apocalypse – and why they failed” [CB Insights]
🎖 “E-Commerce Retail Just Passed $1 Trillion For The First Time Ever” [Forbes]
eCommerce didn’t see a surge everywhere in 2022: “German ecommerce shrinks 5 percent” [eCommerce News]
🇨🇳 “Why Amazon's Marketplace Failed In China” [CNBC]
“China's JD.com to shut e-commerce sites in Indonesia, Thailand” [Reuters]
Events 🎤
Prosper Show, Mar 13-15, Las Vegas, NV
Shoptalk, Mar 26-29, Las Vegas, NV
Seller Sessions Live, May 13, London, UK
Make this week count 🙌
Christian